519.501.7758

LTT – Land Transfer Tax

Land transfer tax: land transfer tax is based on a percentage of the purchase price of the property. Follow this link to calculate land transfer tax in Ontario. http://www.landtransfertaxcalculator.ca Please note that Toronto has its own land transfer tax IN ADDITION to the Provincial Land Transfer Tax.

CMHC Fees: CMHC premiums are rolled into the mortgage, but HST on the premium is a cost that will come out of pocket.

Tarion Fees: if you purchased a brand new home it will be covered with the Tarion Warranty for new homes. Tarion has an enrollment fee that will be part of closing costs.

If you are unsure of what you will be paying in closing costs, contact CVE Mortgage Group and we will get you a number that will accurately reflect what you will be paying for closing costs.